This article totals 1671 words and is expected to take 4 minutes to read
In the last issue, we said that after Japan signed the Plaza Agreement, due to the failure to balance the real economy and financial system, a large amount of funds flowed into the stock market and the property market, which gave rise to an asset price bubble, and then punctured the bubble with a very rough hard landing method, resulting in Japan's "lost 20 years". So, what happened to those who bought Japanese real estate at high prices during this time?
"When I don't have money, I live by playing marbles"
The impact of the bubble economy, even the stars are not spared. Abe Kuan, today's handsome uncle, the male model of fresh meat of the year. In his early 20s, he had already reached the peak of his career. At the recommendation of a friend, the spirited Abe bought a mansion apartment in 1987.
Next, the bubble economy came, house prices fell, and 23-year-old Abe Kuan was saddled with hundreds of millions of yen in debt at a young age. As a model debut, he could not receive luxury advertising in the case of the collapse of the bubble economy.
"For about three consecutive years, I really didn't have any money, so I went to try my luck and play pa-chin-ko in Japanese to subsidize my livelihood."
Abe admits that after the torture of the bubble economy, the Japanese are no longer fanatical, at least himself, he has developed good consumption habits, and the quality of frugality and hard work has returned.
Unable to receive advertising business, Abe Hiroshi transformed into film and television and began to take over movies and TV series, "Dragon Sakura", "The Man Who Can't Get Married", "Non-stop", "New Entrants", "Shimomachi Rocket"... Excellent works emerge in an endless stream.
In 2007, Abe Kuan, who had become an uncle, finally announced that he had paid off his debts and officially entered into marriage. In 2011 and 2012, two daughters were born.
"We shouldn't be immersed in that era anymore"
As a red star, Abe Kuan has still experienced difficult times, and ordinary people need not say it. After 1991, Japan's divorce rate and suicide rate remained high, and a large part of the people chose to lie flat, escape from reality, go out and wander, becoming a "Heisei abandoned house".
But many more have chosen to face reality, face up to their mistakes, and work hard. Some people have said that "Spirited Away" is Miyazaki's reflection on the bubble economy era, to which Miyazaki himself expressed his agreement, "We should no longer immerse ourselves in that era."
In the era of the bubble economy in which everyone strives for profit, the diligence and frugality advocated by the Japanese tradition have all been abandoned, replaced by speculation, greed and luxury, and "if you don't work, you will become a pig", which has always been a precept.
"Being alive is always so troublesome and always so fun"
Some people commit suicide, some people wander, and naturally some people choose to start all over again. Stars can be like this, and in real life, there is always no shortage of ordinary people who have the courage to come back.
Kiryugawa, a graduate of Keio University, became a class manager in a sales office in the 1980s and was deeply loved by the president of the company. Dissatisfied with the status quo, Kiryu resigned and gathered a group of like-minded partners to start a company of his own to run a real estate business.
Coinciding with the bubble economy era, real estate has become a profiteering industry, and in just a few years, Kiryu's small studio has developed into a company with more than 200 people, with good momentum. During this period, he bought land on a large scale and became a high-ranking receiver in the crazy era.
But Mieno Yasushi's rough hard landing method punctured the real estate bubble, house prices fell sharply, Kiryu held real estate, the value of the waist, the company finally went bankrupt, the bank recovered a large number of land and houses from him at low prices, several years of operation were all in vain, and the bank was indebted more than 1 billion yen.
"This is life," Kiryu said, "I want to die and leave all the money to my wife and children, as long as I jump, they can live well." But then my wife would lose her husband, my newborn child would lose her father, my parents would lose their son, I couldn't let them suffer like this, I could do a few more jobs, I could support my most basic life, the rest of the money was given to the bank, I could be very tired and tired. To be alive, there is always so much trouble, but always so much fun. ”
"My wife also goes out to work, and working together with two people always makes the pressure a little less stressful." 30 years, finally in 2021, the Kiryu family paid off the bank's debts, these years, Kiryu has done a lot of odd jobs, driven unloading trucks, worked as a salesman, worked as a building "Spider-Man" cleaning, and the main job, is to do back to the old bank, real estate business.
With the transformation of Japan Real Estate Co., Ltd. to asset-light, his work direction mainly shifted to asset generation operation, he was the elite of the industry, he was familiar with the road, and soon gained a very good reputation. As he tells the story of the past 30 years, he is actively preparing for his daughter's wedding.
The data is cold, after the high takeover in the 90s, Japan's suicide rate and divorce rate are terrible, but behind the data, there is always a warm story, where we can't see, there are many people who accept the mistake frankly, in order to get life back on track and work hard, is an ordinary person, is a star, after all, is relying on their hands to create wealth.
In 2008, Abe Hiroshi participated in Hirokazu Kore-eda's "Non-Stop", in the original film, Kore-eda wrote: On the road of life, the steps do not stop, there is always a little too late... Maybe that's the norm in life. After the bubble economy, Japan is more pragmatic and more pragmatic.